SB 1501
AN ACT relating to the allocation of proceeds from the issuance of general
89th Regular Session
Jan 14, 2025 - Jun 2, 2025 • Session ended
Awaiting Committee Assignment
Bill filed, pending referral to Senate committee
Committee
Not yet assigned
Fiscal Note
Not available
What This Bill Does
relating to the allocation of proceeds from the issuance of general
Bill Text
relating to the allocation of proceeds from the issuance of general obligation bonds by political subdivisions. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Chapter 1253, Government Code, is amended by adding Section 1253.004 to read as follows: Sec. 1253.004. ALLOCATION OF PROCEEDS. A political subdivision shall allocate the proceeds from the issuance of general obligation bonds authorized by the voters in the percentage or amount stated in the ballot proposition to authorize the SECTION 2. This Act takes effect September 1, 2025.
Expert Lobbyists for This Bill
These lobbyists specialize in Political Subdivisions and related subject areas.
Adnelis M. Perez Vega
PremiumBrianna M. Menard
Robert D. Miller
Haley Cornyn
Michael J. Johnson
Vera Denise Rose
Gavin L. Massingill
Leslie Pardue
Fred Shannon
Sean Abbott
Bill History
Bill filed: AN ACT relating to the allocation of proceeds from the issuance of general
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